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USDJPY Daily Forecast: November 03

Wednesday, November 2, 2016 20:46
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USDJPY Forecast
The USDJPY continued its bearish momentum yesterday bottomed at 103.01 and hit 102.89 earlier today. As you can see on my H1 chart below price broke below my bullish channel suggests an end to the bullish correction phase. My bearish mode is now reactivated. The bias remains bearish in nearest term testing 102.50 – 101.80 region. Immediate resistance is seen around 103.50. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear.



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